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PIA to induct five new aircraft in its fleet
KARACHI: In accordance with business plan, Pakistan International Airlines (PIA) will induct five new aircraft into its fleet. National flag carrier is going to acquire five state-of-the-art aircraft on dry-lease for six years. Tender is thing regard...
Shan Foods, Hum Network join hands for flood relief efforts
KARACHI: Augmenting its relief efforts for flood victims of Pakistan Shan Foods joined hands with Hum Network Limited to extend its support for affectees in form of relief goods under Network’s flood relief campaign “HUMDard”. Ca...
CTBCM model under trial to promote renewable energy in country: NEPRA Chief
KARACHI: Chairman NEPRA Tauseef H. Farooqui said, “In order to promote renewable energy (RE) in country, Competitive Trading Bilateral Contracts Market (CTBCM) model is under trial and will be launched in December, 2022.” Speaking at 2nd...
Miftah Ismail hints at early exit, says ‘may not have much time’
KARACHI: With country’s economy teetering amid record-high inflation, Minister for Finance Miftah Ismail has hinted at his early exit, saying that although coalition government has 13 months, he may not have that much time. Addressing an event...
NEPRA scales down K-Electric power tariff
KARACHI: NEPRA has scaled down power tariff in respect of K Electric by Rs 3.63 per unit. Reduction in tariff has been made under head of Fuel Adjustment Charge (FAC) in respect of July 2022. Decrease in tariff will not applicable to life line...
SBP says banks not refusing donations for flood victims
KARACHI: State Bank of Pakistan (SBP) clarified that no limits have been placed on accepting donations for CM Relief Fund of Khyber Pakhtunkhwa and Punjab. “It has been noticed that a few complaints have been circulating on social media platfor...
FPCCI decries ruthless consecutive increases in power tariff
Karachi: Irfan Iqbal Sheikh President FPCCI decried ruthless and consultation-less consecutive increases in electricity tariff. It will force shut industry across Pakistan and break-even in current cost of doing business environment has become imposs...
BankIslami achieves 24pc growth in net profit for half year 2022
Karachi: BankIslami Pakistan Limited announced financial results for quarter ended June 30, 2022. For half year ended June 2022, Bank achieved 155 percent increase in its operating profit before provisions and reported Rs 4.1 billion as compared to R...
MNAs, MPAs to monitor rescue, rehabilitation operations across Sindh: CM Murad
KARACHI: Sindh Chief Minister Murad Ali Shah Monday said that government has nominated MNAs and MPAs as focal persons in each district for immediate rescue/relief and rehabilitation of rain/flood affected people. Talking to media persons after...
Adamjee Insurance, Sehat Kahani sign deal for digital health services
KARACHI: Adamjee Insurance announced that it signed an agreement with Sehat Kahani a leading telemedicine platform aiming to provide health care (OPD) services as value added service to its existing and potential Health Insurance subscribers. Collabo...
